🏦📊Overnight Index Swap: Hiking Bets Rise in GBP, NZD Leads

**As seen in the Macro Walk Report 10/15/21 cablefxm.co.uk/reports

• The overnight index swap market sees the BoE's bank rate at 0.75% by June 2022, markets have started to price a full hike for the December meeting and a cumulative two hikes by March

• In NZD, markets have priced in the OCR at above 1.5% by next summer, with the November meeting quoting a full 25bps hike